Draft Contract GSA-OP-06-07 - European GNSS Agency

II.3.3.The Contractor declares:- that he has not made and will not make any offer of any type whatsoeverfrom which an advantage can be derived under the Contract,- that he has not granted and will not grant, has not sought and will notseek, has not attempted and will not attempt to obtain, and has notaccepted and will not accept, any advantage, financial or in kind, to orfrom any party whatsoever, where such advantage constitutes an illegalpractice or involves corruption, either directly or indirectly, inasmuch as itis an incentive or reward relating to performance of the Contract.II.3.4.The Contractor shall pass on all the relevant obligations in writing to his staff,board, and directors as well as to third parties involved in performance of theContract. A copy of the instructions given and the undertakings made in thisrespect shall be sent to GSA should it so request.ARTICLE II.4 – PAYMENTSII.4.1.Pre-financing:Where required by Article I.4.1, the Contractor shall provide a financial guaranteein the form of a bank guarantee or equivalent supplied by a bank or an authorisedfinancial institution (guarantor) equal to the amount indicated in the same Articleto cover pre-financing under the Contract. Such guarantee may be replaced by ajoint and several guarantee by a third party.The guarantor shall pay to GSA at its request an amount corresponding topayments made by it to the Contractor which have not yet been covered byequivalent work on his part.The guarantor shall stand as first-call guarantor and shall not require GSA to haverecourse against the principal debtor (the Contractor).The guarantee shall specify that it enters into force at the latest on the date onwhich the Contractor receives the pre-financing. GSA shall release the guarantorfrom its obligations as soon as the Contractor has demonstrated that any prefinancinghas been covered by equivalent work. The guarantee shall be retaineduntil the pre-financing has been deducted from interim payments or payment ofthe balance to the Contractor. It shall be released the following month. The costof providing such guarantee shall be borne by the Contractor.II.4.2.Interim payment:At the end of each of the periods indicated in Annex I the Contractor shall submitto GSA a formal request for payment accompanied by those of the followingdocuments which are provided for in the Special Conditions:- an interim technical report in accordance with the instructions laid down inAnnex I;- the relevant invoices indicating the reference number of the Contract towhich they refer;- statements of reimbursable expenses in accordance with Article II.7.If the report is a condition for payment, on receipt GSA shall have the period oftime indicated in the Special Conditions in which:- to approve it, with or without comments or reservations, or suspend suchperiod and request additional information; or- to reject it and request a new report.If GSA does not react within this period, the report shall be deemed to have beenapproved. Approval of the report does not imply recognition either of its regularity9